https://www.taxtmi.com/caselaws?id=63680 The appeal before ITAT DELHI-B involved the cancellation of a penalty imposed under section 271(1)(a) of the IT Act due to a delay in filing the return of income by the assessee, an agriculturist. The Tribunal, citing a similar case where the penalty was canceled for a bona fide belief of non-taxability, upheld the cancellation in this case. Drawing parallels with the previous case, the Tribunal dismissed the appeal, emphasizing the similarity in facts and the assessee's genuine belief regarding tax liability. en-us Fri, 07 Nov 1986 00:00:00 +0530 Tue, 01 Feb 2011 13:03:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63680 The appeal before ITAT DELHI-B involved the cancellation of a penalty imposed under section 271(1)(a) of the IT Act due to a delay in filing the return of income by the assessee, an agriculturist. The Tribunal, citing a similar case where the penalty was canceled for a bona fide belief of non-taxability, upheld the cancellation in this case. Drawing parallels with the previous case, the Tribunal dismissed the appeal, emphasizing the similarity in facts and the assessee's genuine belief regarding tax liability. Case-Laws Income Tax Fri, 07 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63680